00:00Well, you know, if we want to be prepared to protect and defend our country, we have to be producing
00:04at scale for costs that is reciprocal to the cost of the weapons our enemy is using.
00:08So we can't be shooting down 40K drones with a $3 million single-use missile.
00:13And we shouldn't be putting the warfighter into harm's way when autonomous systems exist to help get the job done.
00:19Where we're really excited, though, is the supply chains up and down the stack.
00:23So you don't have a defense industrial base without an industrial base.
00:26And the current state of the defense base is making us realize how much work there is to do to
00:32build out these supply chains up and down.
00:34You know, if you look at the situation in Iran, we're desperate for low-cost systems with embedded intelligence.
00:39But when you're shipping drones, interceptors, missiles at high volume with all these autonomous features, and you're iterating on designs
00:46from one week to the next,
00:47you know, we're starting to ask the question of where are we getting motors for those drones because we don't
00:51manufacture those motors in the U.S. today.
00:53Even the materials that comprise those motors, copper, steel, magnets, right now, the majority of these supply chains run through
01:00China.
01:01And if you think about even all the electronic systems on board, you're iterating quickly on these components.
01:06We don't have a massive supply of electronics and electrical engineers to be able to do that work.
01:13So how are you even iterating at that design speed?
01:15So where we're really excited is just seeing this huge explosion of opportunities and incredible founders who have grown up
01:20in real manufacturing companies like SpaceX, Andrel, and even Palantir,
01:25and are starting to move down to the stack to some of these more industrial problems.
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